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Level 2
February 14, 2021
Question

Schedule C

  • February 14, 2021
  • 1 reply
  • 2 views

On line I it asks did you make any payments in 2020 that would require you to file Form(s) 1099? Does it means if  I issued a 1099Misc to someone?

    1 reply

    Level 10
    February 14, 2021

    My guess is that it means if you had to issue any type of 1099 to anyone. 

    Alumni - Champ
    February 14, 2021

    Also be aware that you need to use Form 1099-NEC (not 1099-MISC) for nonemployee compensation now.

    About Form 1099-NEC, Nonemployee Compensation | Internal Revenue Service (irs.gov)

    ydcAuthor
    Level 2
    February 14, 2021

    Thanks